I- Finance manager (cafés experience)

Arbete Careers; Kuwait City; On-site; KWD 24,000 - 36,000; Full time

Job summary

A prominent restaurant group in Kuwait is looking for a Finance Manager to oversee financial operations, including budgeting, financial reporting, and cost control. The ideal candidate should have 5-7 years of experience in financial management, preferably within the food and beverage or hospitality sectors. Essential qualifications include a bachelor's degree in accounting or finance, along with strong analytical skills and proficiency in accounting software. This role offers a chance to contribute to the group's expansion plans while ensuring financial accuracy.

Qualifications

• Minimum 5-7 years of financial management experience, preferably in F&B or hospitality.
• Strong understanding of financial statements, costing, and budgeting.
• Excellent analytical, organizational, and leadership skills.

Responsibilities

• Prepare annual budgets and monthly financial forecasts.
• Oversee daily accounting operations including AP, AR, GL, and bank reconciliation.
• Monitor food cost, labor cost, utilities, and operational expenses.
• Ensure proper control of daily sales deposits and cash handling.
• Oversee preparation and accuracy of monthly payroll.
• Review and approve supplier invoices after verification.
• Ensure compliance with local regulations and accounting standards.
• Prepare financial dashboards, KPI reports, and analytical summaries.

Skills

Financial Accuracy & Attention to Detail

Strategic Thinking & Business Insight

Leadership & Team Supervision

Analytical & Problem-Solving Skills

Professional Communication

MS Excel

Education

Bachelor's degree in Accounting, Finance, or related field (CPA/ACCA preferred)

CPA/ACCA preferred

Tools

Accounting Software

MS Excel

Job description

Position Name :Finance Manager

One of our clients in the restaurant & hospitality industry-a fast-growing, chef-driven café group is looking for an Finance Manager to steer its next phase of expansion. Operating a portfolio of company-owned locations and a central production kitchen, the brand delivers elevated Mediterranean-Italian fare, signature desserts and specialty coffee to a rapidly growing guest base.

Location: Kuwait

Years of Experience: Minimum 5-7 years of financial management experience, preferably in F&B or hospitality.

Education: Bachelors degree in Accounting, Finance, or related field (CPA/ACCA preferred).

Department: Finance & Accounts

Reports To: General Manager / Owner

Supervises: Accountants, Cashiers, Finance Assistants

Notice Period: Immediate joiners or a maximum one-month notice period.

Applicants are requested to apply with their updated resumes and then click the following link to update their details to speed up the process of recruitment.

https://www.arbetecareers.com/Candidate-Portal

Position Summary

The Finance Manager is responsible for overseeing the financial operations of restaurant, including budgeting, financial reporting, cost control, payroll accuracy, and compliance with accounting standards. This role ensures proper financial planning, accurate recording of transactions, and effective cash flow management across all branches and production units. The Finance Manager supports business growth by providing financial insights, controlling expenses, and maintaining strong financial discipline.

Main job description

1. Financial Planning & Budget Management

• Prepare annual budgets and monthly financial forecasts.
• Monitor actual performance versus budget and highlight areas for improvement.
• Support management with financial insights to guide business decisions.
• Ensure all departments follow approved budget limits and financial procedures.

2. Accounting & Financial Reporting

• Oversee daily accounting operations including AP, AR, GL, and bank reconciliation.
• Review and approve all financial documents, invoices, receipts, and payments.
• Prepare monthly profit/loss statements, balance sheets, and financial analysis reports.
• Ensure accurate and timely closing of monthly and yearly accounts.

3. Cost Control & Expense Monitoring

• Monitor food cost, labor cost, utilities, and operational expenses.
• Work closely with Operations and Executive Chef to control wastage and optimize cost efficiency.
• Develop and enforce cost-saving initiatives across branches.
• Review inventory reports, variance reports, and cost breakdowns.

4. Cash Flow & Revenue Management

• Ensure proper control of daily sales deposits, cash handling, and branch collections.
• Monitor revenue streams and validate branch sales reports.
• Ensure cash flow stability to support operational and financial commitments.
• Follow up on outstanding customer payments or supplier reconciliations.

5. Payroll & Employee Financial Records

• Oversee preparation and accuracy of monthly payroll.
• Verify attendance, overtime, deductions, and adjustments in coordination with HR.
• Ensure timely salary payments and compliance with labor regulations.
• Maintain confidential employee financial records.

6. Supplier Payments & Procurement Coordination

• Review and approve supplier invoices after verification of goods/services received.
• Coordinate with Purchasing, Operations, and QC for supplier reconciliation.
• Manage payment schedules to ensure positive relationships with vendors.
• Evaluate supplier contracts for cost effectiveness.

7. Compliance, Audit & Internal Controls

• Ensure all financial practices comply with local regulations and accounting standards.
• Implement internal control procedures to reduce financial risks.
• Prepare for and support external/internal audits.
• Ensure proper documentation and secure record keeping of all financial data.

8. Reporting & Management Support

• Prepare financial dashboards, KPI reports, and analytical summaries for management.
• Provide recommendations to improve profitability and operational efficiency.
• Support strategic planning and business expansion decisions with financial data.
• Assist GM and management in special financial projects or capital planning.

Qualifications

• Strong understanding of financial statements, costing, and budgeting.
• Excellent analytical, organizational, and leadership skills.
• Proficient in accounting software and MS Excel.

Personal Competencies

• Financial Accuracy & Attention to Detail
• Strategic Thinking & Business Insight
• Leadership & Team Supervision
• Analytical & Problem-Solving Skills
• Strong Integrity & Confidentiality
• Time Management & Multi-Tasking
• Professional Communication

Note: We thank all applicants for their interest however, only those candidates who are shortlisted will be contacted